How GameStop found itself at the center of a groundbreaking battle...

Still think this isn't coordinated?

 

At least the DNC haven't foisted a gangster abomination Worst President of All Time Cult Leader on us.

 

If it's true that hedge funds have a 30:1 debt equity ratio, then there goes the neighborhood.

 

Well, yes they have, except that Biden has no cult following because he has no personality.

Biden is merely the empty meat suit which the totalitarian public-private oligarchy needed to funnel all their end-goals through to bring on The Great Reset. Buckle up. This is the beginning of the Dark Winter for Americans and most of the people of the world. They had us in check; now they're going for a quick check mate.

 

I am not betting on anything, I have no skin in this game (except for some GME shares in my VTSAX holdings). I am watching this whole episode with bemusement. I am laughing as the Trump fan club on reddit thinks they are collectively sticking it to the establishment, when at the end it is everyone for themselves. When the run for the exit starts, you'll see. It may be up again today, but who knows what happens tomorrow. Can you predict? If yes, I'd be interested to know, so we can double check your prediction in the future.

BTW: With regard to banning trading to protect wealthy friends. Another B$ claim. You were able to buy GME on Vanguard yesterday, as well as with other brokerage forms. Just not on Robinhood. Why? Because Robinhood was protecting their bottom line. I guess places like Vanguard are too mundane for the gambling day traders.

 

Can someone give me the for dummies version?
A group of people on reddit all bought the same stock to make a profit somehow? I'm not a finance expert. Would someone mind breaking it down?

 

Really? I thought it was Trump and his fan club who called her Pocahontas, not the MSM. You would have attacked her as a communist, would she have won the nomination.

 

1) Some hedge fund shorted GME and overleveraged themselves.

2) Someone on the WSB reddit picked up on it and organized fellow redditors to mass buy GME.

3) Professional day traders jumped in with the buying to further drive the stock price up.

4) A few brokerage services popular with the day traders temporarily stopped buy orders, because the price was getting out of control.

5) The final outcome of this episode remains to be seen. However, it is likely that at one point a stampede for the exit starts, at which point the GME stock price will go back to its level backed by fundamentals, or below. Some people will get rich, a lot of people will lose a lot of money.

 

I don't play the stock market, and am only just beginning to understand what the controversy here is.

Apparently a sub-group on Reddit caused a rise in the price of GameStop. Not so much to make a profit, but to harm those on Wall Street who prefer the stock price to remain low for debt purposes.

It seems delicious irony if I'm understanding it correctly.

 

Trump calling Warren "Pochohontas" or Biden "Sleepy Joe" or whatever nicknames Trump used against Dem nominees didn't make a difference in the Democratic primaries.

The DNC and their Left State Media have been deciding "whose turn" it is to be their next nominee for decades, well before Trump ever came along. Bernice was whooping Hillary's rear end when Debbie Wassermann Schultz flat-out said that the Party chooses their nominee, and they aren't even required to hold primaries.

DNC controls their party with an iron fist and what or who voters want matters not one bit. They really wanted Kamala, but voters did have enough influence in that almost nobody was choosing her over all the other candidates. Now she is soon to be president, as intended by the DNC. A guy with dementia who will sign anything The Party puts in front of him without much comprehension of what he's signing became their best choice after no one liked Kamala.

They sure weren't going to let Sanders or Warren in. Those two are independent thinkers and don't match what the Party wants 100%.

 

The hedge fund shorted more shares than there were shares available on the market. Apparently, you can buy stock with an instruction not to allow your shares to be used to cover shorts positions. I wasn't aware of that second "feature". lol

 

Yes.

It is public knowledge how much of the stock is shorted, and until that number drops below 100%, it CANT go down.

It's a certainty.

 

The 1% shorted the stock by more shares than actually exist. People saw this, realized the 1% really ****ed themselves, so they jacked up the price.

Well, in order to get out, you have to "buy" the shares you shorted, which causes the price to go up.

And around and around we go.

Like I said, if the 1% just took their losses and pulled out, this wouldn't even be an issue... but they won't.

So **** them.

As I explained, until the shorts are less than 100% of the shares, the price CAN NOT go down long term. It might drop, but it will go back up until the hedge funds take their losses and get out.

 

It looks like Melvin Capital already closed their short position on Tuesday:

https://www.reuters.com/article/us-...sed-gamestop-position-spokesman-idUSKBN29X0EN

They already took their loss? What say you?

 

I'm gonna stay in. Lol

 

They're one of dozens...

That's why there's an article on it. Because they were one of the few who took their L like grownups.

For the record, GME is up 160% since you had a chuckle at the stock dropping 40%. Lol

May want to let your advisor handle your investments.

 

Feels like binge watching a Netflix series watching this go down.

 

You keep saying that this is wrong because they are just gambling.

That is exactly what the market is. Gambling. Everybody that partakes understands thats the game, regardless if you are in bonds, MF, stocks.

Hedge Fund Managers play the game too, and everybody has a right to get in.

Are you upset the little guys are playing the big guys game and winning?

 

Hope it hurt. This how we get back at the swamp. This is the people rising up in a way that harms our enemies where it hurts them worst.

 

I learned back when Robinhood launched that trading was not for me. I don't have the patience. Better to let my 401k and IRA managers handle things. So this is just damn entertaining to watch and read about. The anti-regulation millionaire/billionaire tears are amazing, though. Also, though I haven't used the app in years, I deactivated my Robinhood account in solidarity with the folks who were screwed by their BS. Woo, love that free market!

 

Looks like Robinhood is about to be dumped for other retail brokers who don't decide whether their customers get to play or not.




Musk appears to be about the only billionaire who doesn't mind if the little retail people "play" the game too.

 

Mark Cuban was positive about it, too. He said his 11 year old son made money on the Gamestop shenanigans.